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Ginnie Mae’s Joseph Gormley sounds the alarm on ‘risk-layered’ FHA portfolios

Delinquencies, FHA, FHA loan, Ginnie Mae, Government Lending, HWmember, LendingLife, Mortgage, Mortgage Servicing, Servicing /

Ginnie Mae President Joseph Gormley, who is also serving as acting commissioner of the Federal Housing Administration (FHA), said the counterparties participating in Ginnie Mae’s program have evolved significantly since the Great Financial Crisis, with greater exposure to independent mortgage banks (IMBs) that have invested heavily in governance and risk management. Still, he cautioned that […]

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The battle for listings: How brokerages are reclaiming their data

Brokerage, Clear Cooperation, Compass, Cotality, HomeServices of America, Howard Hanna, Howard Hanna Real Estate Services, HWmember, MLS, MLS/Associations, Real Estate /

Prior to widespread internet usage, when consumers could only find out about homes for sale through yard signs or accessing an MLS listing book by working with a broker, agents viewed listings as a marketing asset. However, this view evolved as the internet made it easier for consumers to access information about homes for sale.

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Zillow seeks injunction as MRED threatens data feed cutoff

Brokerage, Chicago, Clear Cooperation, Compass, HWmember, Legal, MLS/Associations, Real Estate, Zillow /

Midwest Real Estate Data (MRED) is threatening to suspend its listing data feeds to Zillow Group websites, including Zillow.com and Trulia.com, unless Zillow cures what the MLS says is a material breach of its license agreements by late Tuesday. In an announcement on Monday, the Illinois-based MLS said it will cut off Zillow’s IDX and

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Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation

Affordability, Aging in Place, HWmember, Kiplinger, Mortgage, Retirement, Reverse, Social Security, Social Security Administration /

The forecast for the 2027 cost-of-living adjustment (COLA) for Social Security benefits has risen sharply to 3.9%, driven by persistent inflation in housing, utilities and energy, according to new data released by The Senior Citizens League. The projection — up from a steady 2.8% estimate just one month ago — would raise the average monthly

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ONE Sotheby’s International Realty expands into New Jersey

Brokerage, Florida, HWmember, Mergers and Acquisitions, New Jersey, ONE Sotheby’s International Realty, Real Estate, Real Estate Agents /

Mayi de la Vega and Daniel de la Vega, the leaders behind luxury brokerage ONE Sotheby’s International Realty, have announced the company’s expansion into New Jersey through the acquisition of the 80-year-old Callaway Henderson Sotheby’s International Realty. The move connects two longtime family-led affiliates within the Sotheby’s International Realty network and creates a new luxury

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Rate brings on Arizona-based LO Kelsey Marquardt

Arizona, HWmember, Loan Officer, Mortgage, People Movers, Rate /

Rate has added Scottsdale, Arizona-based loan originator Kelsey Marquardt to the company, the Chicago-based national mortgage lender announced Friday, as competition for high-producing loan officers continues across the mortgage industry. Marquardt, who has generated more than $85 million in loan production, joins Rate after a three-month stint at Universal Lending Corp. She previously built her

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Redfin Early Access adds pre-market and coming soon listings

Brokerage, Clear Cooperation, Compass, HWmember, Real Estate, Redfin, Rocket Companies, Technology /

Redfin has launched Redfin Early Access, a new search category on Redfin.com and its app that surfaces pre-market and “coming soon” listings that are not yet broadly available on other major real estate sites, the company said in an announcement Monday. The new category aggregates two kinds of inventory: Redfin Coming Soon listings that appear

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Builder confidence remains subdued; suppliers eye price hikes

Construction, homebuilder, Homebuilder Sentiment, HWmember, Leadership, Products, The Builder's Daily /

Homebuilders maintained a subdued outlook in May, pressured by higher mortgage rates, rising inflation and affordability constraints. Ongoing conflict in Iran raises the risk of increased building material prices, further complicating an already uncertain environment. However, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), homebuilders appear to be more

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Mortgage rates are at yearly highs, but housing demand is still positive

Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Purchase Applications /

Mortgage rates and the 10-year yield both hit yearly highs after the Friday massacre in the bond market, as we didn’t get any positive news on ending the conflict in Iran. Even with all that, our weekly pending home sales data is still positive year over year, for now. The weekly mortgage purchase application data

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How loan officers are saving deals as mortgage rates cross 6.6%

HWmember, LendingLife, Loan Officer, Mortgage, Mortgage Rates, Origination, Sales Techniques /

Loan officers are shifting their playbooks to keep deals alive as mortgage rates climb north of 6.6%. Originators are encouraging borrowers to ask for more seller credits, recalibrate their home search criteria and rush to close deals as quickly as possible. Rates for 30-year fixed mortgages reached 6.62% on Friday afternoon, up 5 basis points

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